Kyoritsu Maintenance (9616) · InitiativeAdvanced
Capital and Business Alliance with Daiwa House Industry and Cosmos Initia
First written in FY2024-Q3. 1 of 3 entries say "Achieved", first in FY2024. Latest entry: FY2025-H1.
3entries
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Promotion of the Hotel, Dormitory and Senior-Living Businesses through a Capital and Business Alliance with Daiwa House Industry and Cosmos InitiaA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2025-H1AdvancedAnnual report
「Equity in earnings of affiliates」
The company recorded ¥876 million in equity-method investment income for the current interim consolidated accounting period. It disclosed the financial contribution of the equity-method affiliate following the capital and business alliance, but did not state a specific causal relationship in the text. - FY2024AchievedAnnual report
「February 2024 Acquired a portion of the shares of COSMOS INITIA Co.,Ltd. (currently an equity-method affiliate)」
The company completed the acquisition of shares in connection with the capital and business alliance with DAIWA HOUSE INDUSTRY CO.,LTD. and COSMOS INITIA Co.,Ltd., and recognized COSMOS INITIA Co.,Ltd. as an equity-method affiliate. - FY2024-Q3First statedAnnual report
「At a Board of Directors meeting held on 11 January 2024, the company resolved to enter into a capital and business alliance agreement with DAIWA HOUSE INDUSTRY CO.,LTD. and COSMOS INITIA Co.,Ltd., and, in connection with the agreement, to acquire shares in COSMOS INITIA Co.,Ltd. held by DAIWA HOUSE INDUSTRY CO.,LTD.」
The company resolved to enter into a capital and business alliance with DAIWA HOUSE INDUSTRY CO.,LTD. and COSMOS INITIA Co.,Ltd. and acquire 8,480,000 shares of COSMOS INITIA Co.,Ltd. for ¥6,029 million. Following the acquisition, the company’s voting-rights ownership ratio will be 25.05%, and the capital and business alliance and share acquisition are scheduled to commence on 26 February 2024. The company aims to strengthen development capabilities and improve operating efficiency in its hotel, dormitory and senior-lifestyle businesses through the sharing of development project information, joint business projects and personnel exchanges.